Bank Nifty - Feb 14

vanathi Mod Updated   
NSE:BANKNIFTY   Nifty Bank Index
Price is moving in a descending channel. And also price movement is within the same range for the past 3 days. Daily time frame shows, price is facing trend line resistance. Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 45440.
Stop Loss : 45360.
Targets : 45520, 45600, 45720 and 45800.
Sell below : 45220.
Stop Loss : 45300.
Targets : 45160, 45080, 45000 and 44920.

Check the live market updates.

Expected expiry day range is 44900 to 45800.

Hit the like button to Rock !! Show some energy !!

Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Checking the channel resistance.
Above the trend line resistance.

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.